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that is, the obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the heck with it. if you're not going to come to the table, we are not going to advance it. you have chosen and we have reached an agreement as to parties for sequestration. we will go along with the tax cuts. that's your decision. sequestration was part -- we are partners on that deal. let her rip. they're going to get twice as much in the way of spending cuts as an increase in taxes that way it's the best deal, and it's also oriented toward the republicans favored. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm election six years, sterile for the president. the end of the day he wants a legacy. it's going to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he nts serious negotiations that will sit down d me to some ki
that is, the obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the heck with it. if you're not going to come to the table, we are not going to advance it. you have chosen and we have reached an agreement as to parties for sequestration. we will go along with the tax cuts. that's your decision. sequestration was part -- we are partners on that deal. let her rip. they're going to get twice as much in the way of spending cuts as an...
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the white house says it will offer a counteroposal to house speaker proposal. saying that unless he ccepts tax increases on the rich the president is willing to go over the cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failureto resolve the issues. joining as, former spia assistant to president george w. bush, a veteran political consultant and republican pollster. let's tart, if i may, with you. do you think both sides right now are seriously ready to go over the cliff? >> i think the preside i very ready because they arereading into this election last month a mandate that i simply don't see. the president got 15 million americans to vote against him which fail to produce any type of meaningful budget in his democratic controlled snate. we are at the disco club because of the president's inability to ev a single-day tackle entitlement reform and take it seriously talk about tax reform instead of tax hike so i think the way to have honest good faith initiations is to come to the table closer tog
the white house says it will offer a counteroposal to house speaker proposal. saying that unless he ccepts tax increases on the rich the president is willing to go over the cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failureto resolve the issues. joining as, former spia assistant to president george w. bush, a veteran political consultant and republican pollster. let's tart, if i may, with you. do you think both sides right...
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connell: breaking news from the white house. the governors are just finishing their meeting with president obama. let's listen to a bit of it live. >> we will be included to give our advice, opinion upon public our budget.how it will affect we also have ideas how we can save money. how we could be able to create more efficiencies and government and spending with some different demonstrations we have done in our very states. we plan on giving back with some of our suggestions and ideas. we appreciate their time today. statement we are not saying it to beat this plan or the plan. what we all agree on is something needs to get done. taxes on so many nano class americans can go off at the beginning of the yeaa if something is not done. with that, we would be happy to take some questions. >> with a be put off on discussion? did you encourage the president's tax plan to go off? >> we are not backing one particular plan or another. like i said a moment ago. none of us want to see taxes on middle-class folks go out. we think it would ha
connell: breaking news from the white house. the governors are just finishing their meeting with president obama. let's listen to a bit of it live. >> we will be included to give our advice, opinion upon public our budget.how it will affect we also have ideas how we can save money. how we could be able to create more efficiencies and government and spending with some different demonstrations we have done in our very states. we plan on giving back with some of our suggestions and ideas. we...
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same white house. neil: true. >> now, in recovery terms when they say doing the same thing over and over and over and expecting a difference is the definition of insanity. do we think things are going to change? well they won't unless people change because we've got the exact same system in place right now. and so we've got to go back to say, what's the people angle on this? why is there a so much partisanship that we can't even come to a deal for the common good? neil: but in that case it seemed like you were saying, i saw where you're coming from, if you're jobless today and you don't like being jobless today, and why would you continue with the guy who has been leading the economy that has produced you being jobless today? >> i think there is a myth that the government creates jobs. entrepreneurs create jobs. the, you know, let me give a global perspective on this, neil. the last 10 years i've been in 164 countries. i spent most of the last 10 years when i wasn't at my church in little villages trai
same white house. neil: true. >> now, in recovery terms when they say doing the same thing over and over and over and expecting a difference is the definition of insanity. do we think things are going to change? well they won't unless people change because we've got the exact same system in place right now. and so we've got to go back to say, what's the people angle on this? why is there a so much partisanship that we can't even come to a deal for the common good? neil: but in that case...
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ed, you are rude when you go to the white house, you speak your -ind, and you are not intimidated. i have interviewed a lot of presidents myself, i am always intimidated. it -- i think what happens. with the ceos, they are shell shocked even for these guys, like the guys in chrysler building they go in there they don't know what to do. >> i'm a very literal person when i get an invite, they tell me they want me to speak my mind, i do, maybe i should be more little bit ily correct. but they are -- politically correct. they are good people are they are great leaders,. neil: has anyone declined? >> the ones that can figure out a raireally good excuse to not , don't go, it is a terrible distraction, their pr people are coaching them, and coaching them. they don't want to say something that will damage the shareholders, so they play the game. neil: you know, a lot of these guys, have said, and women, have been saying, mr. president, we think a deal should be struck, and revenues should be part. we don't like some of them said, i'm paraphrasing, we donnt like this dispractic dispractice
ed, you are rude when you go to the white house, you speak your -ind, and you are not intimidated. i have interviewed a lot of presidents myself, i am always intimidated. it -- i think what happens. with the ceos, they are shell shocked even for these guys, like the guys in chrysler building they go in there they don't know what to do. >> i'm a very literal person when i get an invite, they tell me they want me to speak my mind, i do, maybe i should be more little bit ily correct. but...
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Nov 29, 2012
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president obama takes credit the issue of benghazi. >> the white house mistake was putting up too much information and for all the facts around. >> so when does this magic happen? >> let me answer that for a moment. you have to get the facts and have hearings and stop this partisan got the moment. it is disrespectful. lou: i have to get the facts. >> such a fool. the thing that strikes me about the president -- lou: and other friendly "a-team." >> the president's behavior, why is he not have raised? if the intelligence community provided the raw intelligence, someone said department did not provide proper security, if things were not carried out as he gave the order on the night of the attack, why is he not have raised? [talking over each other] lou: exactly right. barack obama should be out there >> you're wrong.iority. lou: if he cares about the situation he should recognize that people deserve answers. >> you e factually wrong. [talking over each other] >> the death of four americans. [talking over each other] ashley webster. lou: leading democrat, also wants answers from this white
president obama takes credit the issue of benghazi. >> the white house mistake was putting up too much information and for all the facts around. >> so when does this magic happen? >> let me answer that for a moment. you have to get the facts and have hearings and stop this partisan got the moment. it is disrespectful. lou: i have to get the facts. >> such a fool. the thing that strikes me about the president -- lou: and other friendly "a-team." >> the...
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Nov 29, 2012
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obama goes on the road, look at that video. tim geithner arriving at the white house. capitol hill, dow industrials up 63 points in the early going this there's a morning. recovering investment banker carol roth is here, charles payne is here and nicole petallides on the floor. she looks really angry, on the floor of the stock exchange. new at 10:00, is the mortgage deduction on the table in the fiscal cliff talks, the answer is yes. >> at this point everything is on the table. the challenges you have to question where the limit is. do we want people to the grandfathered in, you don't want anyone to get a new mortgage, we have ridiculously low interest rates, stocks in terms of prices, we don't need it to the grandfathered and the table for the future. stuart: i don't believe anyone is saying abolish the mortgage interest deduction. and a certain amount year is what they were saying. and the interest on it is -- they lower that. charles: there are some people that are derivative. stuart: there is no prayer of that. the details of paul ryan's plan have something to the
obama goes on the road, look at that video. tim geithner arriving at the white house. capitol hill, dow industrials up 63 points in the early going this there's a morning. recovering investment banker carol roth is here, charles payne is here and nicole petallides on the floor. she looks really angry, on the floor of the stock exchange. new at 10:00, is the mortgage deduction on the table in the fiscal cliff talks, the answer is yes. >> at this point everything is on the table. the...
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of the white house triball nation's conference. listen. >> the president loves basketball. he has an indian name. he knows what it's like to be poor, and he has not forgotten where he came from, and his theme song is "hail to the chief." [laughter] i think he definitely qualifies as the first american indian president. lou: and so he is declared. you may remember the president has been called the first gay, female, jewish, and asian president; however, without question, the title of america's first black president belongs to bight. -- bill clinton. up nt, the obama ultimatum. tax the rich, or he'll take the country over the cliff. vote on the facebook page, do you agree president obama's ultimatum on higher taxes are responsible for driving us over the cliff if that were to occur? we're talking with monicand angela, and lori. that's right, the a-tea is next, and you don't want to miss them. before copd... i took my son fisng every year. we had a great spotot, not easy to find,ut worth it. but with copd making it hard to breathe, i
of the white house triball nation's conference. listen. >> the president loves basketball. he has an indian name. he knows what it's like to be poor, and he has not forgotten where he came from, and his theme song is "hail to the chief." [laughter] i think he definitely qualifies as the first american indian president. lou: and so he is declared. you may remember the president has been called the first gay, female, jewish, and asian president; however, without question, the...
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stuart: president obama invited several msnbc hosts to visit the white house yesterday. they were all briefed on his tax plan and how to push his agenda. huffington founder of the huffington post and well known leftist also got to join in on the fun. charles, they didn't invite us. charles: they did not invite us and it gets back to the very first thing we talked about, the media doing the heavy lifting for the president, not just getting him elected but now enforcing his policies, making sure that people pay. if you don't absorb his social and economic policies, there will be a campaign against you, personally, and against any economic interest that you have. they got their marching orders and they are going to go out there with it. stuart: cozy chat with the president. here's how i want you to sell my tax the rich policy. all right, problems with the boeing dreamliner, the faa now requiring new inspections, citing manufacturing flaws at boeing's plants, causing possible fuel leaks. no real reaction to boeing stock. it's down 76 cents, 1%, that's it. but this does give
stuart: president obama invited several msnbc hosts to visit the white house yesterday. they were all briefed on his tax plan and how to push his agenda. huffington founder of the huffington post and well known leftist also got to join in on the fun. charles, they didn't invite us. charles: they did not invite us and it gets back to the very first thing we talked about, the media doing the heavy lifting for the president, not just getting him elected but now enforcing his policies, making sure...
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white house reporting president obama will take questions on twitter at 2 p.m. eastern time, about the fiscal cliff all part of the white house's my2k twitter campaign w-9 president drumming up support for taxes on the rich. george hw bush in stabbe condition after receiving stream for a bronchitis-related cough. the 88-year-old has been in the hospital for a week receiving treatment visited by several of his children including former president george w. bush. the royal family getting a new member. the st. james' palace saying they are expecting a baby. the queen and members of the both pams are delighted with the news. the duchess is in the very early stages of pregnancy. those are the head lines. >> oh, that's fun. a royal baby. >> yes, thank you, lauren greern. >> sure. >> to charlie, the president must want fat cats to support the plan to end the fiscal cliff impasse. we have the behind the scene meetings between the executives. >> caught a lot of people by surprise. it was last week where deputy secretary of state, tom nides, went to the city, held a series
white house reporting president obama will take questions on twitter at 2 p.m. eastern time, about the fiscal cliff all part of the white house's my2k twitter campaign w-9 president drumming up support for taxes on the rich. george hw bush in stabbe condition after receiving stream for a bronchitis-related cough. the 88-year-old has been in the hospital for a week receiving treatment visited by several of his children including former president george w. bush. the royal family getting a new...
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there's a little problem between the white house and mr. clinton. >> before i came on your show tonight, i spoke with sources who e very close to bill and hillary clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and campaign for obama, but in return, he wanted a couple things from the president. first, clinton wanted to be a allowed to name the next chairman of the democratic national committee to have effective control of the party apparatus and all the money that goes with that. lou: that's a big gift. >> well, he did a big deal for obama. lou: right. >> secondly, he wanted obama to agree that he would back hillary if she runs for president in 2016, and that was a verbal commitment he believed he had from barack obama. shortly after the election, accor
there's a little problem between the white house and mr. clinton. >> before i came on your show tonight, i spoke with sources who e very close to bill and hillary clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating...
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republicans say they're waiting on a counteroffer from the white house. back to you. dennis: should republicans hold out and let us go over the fiscal click? john brown of euro pacific capital is with us and former adviser to british prime minister margaret thatcher and he joins us with his take. thanks for being with us. do you think we are going over the cliff? >> cliff of sorts. the fiscal cliff was created by politicians who lack the courage to do the best for the american people. and already has done severe damage to the economy. now we have democrats who want to suck money out of the economy in tax and we have rhino republicans in name only who wants spending cuts. both those things will do damag% to the economy and any compromise will damage the economy and push it further into deep recession. neither side discusses the real problem which is the enormous costs of big government. cost in money and regulations and intrusion. neither side discusses that because they are career politicians and big government is their career. dennis: what should republicans do? shou
republicans say they're waiting on a counteroffer from the white house. back to you. dennis: should republicans hold out and let us go over the fiscal click? john brown of euro pacific capital is with us and former adviser to british prime minister margaret thatcher and he joins us with his take. thanks for being with us. do you think we are going over the cliff? >> cliff of sorts. the fiscal cliff was created by politicians who lack the courage to do the best for the american people. and...
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rich edson is back in the white house with more. >> president obama said look, if republicans agree to my tax plan, we can get this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama plan on calling the speaker or inviting the speaker to the white house and we haven't gotten a response. what is dumbing this all up is the tax rate increase. >> were not insisting on rates out of spite for any kind of partisan victory. but rather because we need to raise a certain amount of revenue. >> an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on wasteful spending in washington. speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become
rich edson is back in the white house with more. >> president obama said look, if republicans agree to my tax plan, we can get this deal done in a week.3 john boehner is waiting on the president, he says he's read hey to meet with the president at any time. we asked the president obama plan on calling the speaker or inviting the speaker to the white house and we haven't gotten a response. what is dumbing this all up is the tax rate increase. >> were not insisting on rates out of...
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president obama, maintaining a highly believable effort of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiratin on december 31, te consequences would simply be devasting. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. e very likely onset of yet another recession. the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has already offered to raise tax revenue finds himself not in a negotiation, but rather competing in the white house media campaign. this is how speaker boehner reacted earlier today to the demands of the white house that were laid out by timothy geithner in a closed-door meeting. the treasury secretary reiterating the president's call for $1.6 trillion in new tax revenue and timothy geithner rrently offering nothing in return. in lieu of federal pending. >> first, desp
president obama, maintaining a highly believable effort of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiratin on december 31, te consequences would simply be devasting. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. e very likely onset of yet another recession. the...
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tastid-light founder, and white castle and fast signs ceo join me on 5:00 eastern on fox business. lori: thompson, thanks. is the stock market pricing in a tumble over the fiscal cliff? losh abet senior economist and market strategist milton miss rought at this breaks it down with tracy and ash. stick around >> gold bars i suppose. >> i would be buying gold bars and real estate. >> under the mattress. >> let it all go. ashley: nothing wrong with those. not at all. >> and on that note --, take it away. ashley: thank you, ladies. as lori just said, drifting along. market up by 11 points. good afternoon, i'm ashley webster. tracy: i'm tracy byrnes. political theater over the fiscal cliff. how a senate battle over the presidential power around the debt ceiling could shape the cliff talks going forward. ashley: apple shares up today, but still down more than 20% from the all-time high less than three months ago. now is the time to buy. is there more downside ahead? all the people wondering about apple. we'll speak to one leading analyst is here soon. tracy: i do my part this holiday sea
tastid-light founder, and white castle and fast signs ceo join me on 5:00 eastern on fox business. lori: thompson, thanks. is the stock market pricing in a tumble over the fiscal cliff? losh abet senior economist and market strategist milton miss rought at this breaks it down with tracy and ash. stick around >> gold bars i suppose. >> i would be buying gold bars and real estate. >> under the mattress. >> let it all go. ashley: nothing wrong with those. not at all....
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tracy: breaking news, the white house reports that president obama will take questions on twitter at 2 p.m. eastern about the fiscal cliff. all part of the white house my2k campaign with the president drumming up support for higher taxes on the rich. dennis: that will be a fair and balanced asourcement of questions. our parent company, parent corp., details on splitsville, editor and chief of the "wall street journal" is ceo of the print spinoff taking the news corp. name. the video film television properties is fox group and the daily, launched by news corp. last year as the first ipad only newspaper, one of them anyway, closing, rest in peace. ad spending is the canary in the coal mine taking a hit, three ad agency giants reducing forecasts for next year. 4.5%. more sluggish 4.1%, and worldwide, interpublic, most bearish, in half to 3.1% next year, and there's this, the 86-year-old icon of playboy getting hitched on new year's eve to crystal harris who is six decades younger, she's 26. now, that's just wrong unless you're hugh hefner. tracy: she didn't show last time. the second en
tracy: breaking news, the white house reports that president obama will take questions on twitter at 2 p.m. eastern about the fiscal cliff. all part of the white house my2k campaign with the president drumming up support for higher taxes on the rich. dennis: that will be a fair and balanced asourcement of questions. our parent company, parent corp., details on splitsville, editor and chief of the "wall street journal" is ceo of the print spinoff taking the news corp. name. the video...
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it is looking more like obama is going to get both. he wants rates to go about not 39.6, and he wants to do something on deductions. he wants to go twice a year. what do you think? >> he wants a mix of things and what republicans will see as a compromise is keeping rates going not as high as originally thought, not quite 40% but keeping them lower and including some of those deductions but if obama got everything he wanted that would be $72,000 average on the top 1% households. dennis: senator harry reid said two days ago let's raise tax rates on the rich and that way we have gone without solving fiscal problems. that will raise $80 billion meaning only $1 trillion more to cut or find new revenue. this has not been discussed at all. what do you think? >> exactly right. to do serious long-term debt and deficit reduction you have to do entitlement reform. what this president is feeling is the popular sensibility is polls show the majority of americans don't even want to raise the age on medicare from 65 to 67 and they are using that so t
it is looking more like obama is going to get both. he wants rates to go about not 39.6, and he wants to do something on deductions. he wants to go twice a year. what do you think? >> he wants a mix of things and what republicans will see as a compromise is keeping rates going not as high as originally thought, not quite 40% but keeping them lower and including some of those deductions but if obama got everything he wanted that would be $72,000 average on the top 1% households. dennis:...
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president obama, asking america to rise up and tweet. he held a new hash tag on twitter, my2k, as in it is my $2000. now it has become a thriving platform for trashing the obama plans. they've even acquire sponsorship rights, so that when people search the hash tag we see paid heritage messages opposing the obama tax hikes. an hour ago i searched my2k, the president got sandwiched between two foes. president obama himself had a second slot, call your members of congress, write them an e-mail, use the hash takes my2k. but then his archrival, john bennett and house speaker linking to video and saying it is not a balanced approach without spending cuts. also aspiring jeers like these. why didn't you start a hash tag for benghazi? and there is this one. i support paying my fair share, oppose paying your share as well. and how about you submit a budget that balances without tax increases, cut spending, reduce government. it is a nice idea, guys, it ain't going to happen. ashley: he has the voices and everything. tracy: a quarter on till, stoc
president obama, asking america to rise up and tweet. he held a new hash tag on twitter, my2k, as in it is my $2000. now it has become a thriving platform for trashing the obama plans. they've even acquire sponsorship rights, so that when people search the hash tag we see paid heritage messages opposing the obama tax hikes. an hour ago i searched my2k, the president got sandwiched between two foes. president obama himself had a second slot, call your members of congress, write them an e-mail,...